Copart, Inc. (NASDAQ:CPRT) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in Copart, Inc. (NASDAQ:CPRT - Free Report) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,078,614 shares of the business services provider's stock after purchasing an additional 21,947 shares during the period. Envestnet Asset Management Inc. owned approximately 0.42% of Copart worth $234,072,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Mn Services Vermogensbeheer B.V. raised its position in Copart by 2.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 339,680 shares of the business services provider's stock valued at $19,494,000 after purchasing an additional 8,300 shares in the last quarter. National Pension Service increased its stake in shares of Copart by 3.2% during the fourth quarter. National Pension Service now owns 1,558,067 shares of the business services provider's stock worth $89,417,000 after buying an additional 48,334 shares during the period. Tsai Capital Corp raised its holdings in Copart by 13.3% in the fourth quarter. Tsai Capital Corp now owns 61,689 shares of the business services provider's stock valued at $3,540,000 after acquiring an additional 7,230 shares in the last quarter. Kieckhefer Group LLC purchased a new position in Copart in the fourth quarter worth approximately $3,962,000. Finally, Sanctuary Advisors LLC grew its holdings in Copart by 21.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider's stock worth $2,765,000 after acquiring an additional 9,222 shares in the last quarter. 85.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Argus lowered shares of Copart from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

Copart Price Performance

Shares of CPRT traded up $1.18 during mid-day trading on Friday, reaching $59.84. The company's stock had a trading volume of 7,017,411 shares, compared to its average volume of 4,399,938. The company's 50 day moving average is $56.12 and its 200 day moving average is $56.64. The stock has a market cap of $57.81 billion, a PE ratio of 40.16 and a beta of 1.22. Copart, Inc. has a 12-month low of $48.05 and a 12-month high of $64.38.

Copart (NASDAQ:CPRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Copart had a net margin of 32.27% and a return on equity of 19.31%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, sell-side analysts anticipate that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Insider Activity at Copart

In other news, Director James E. Meeks sold 100,000 shares of Copart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $54.00, for a total transaction of $5,400,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.68% of the stock is owned by corporate insiders.

About Copart

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.